Placing a bid on Pi-NFTs is a simple process. This guide will walk you through the steps to place your bid and potentially secure your desired Pi-NFT (asset-backed NFT).
Steps to Place a Bid on Pi-NFTs:
Access the Auction Marketplace: To start the bidding process, navigate to the "NFT on Auction" section within the Aconomy marketplace. Here, you'll find a curated section of Pi-NFTs available for auction.
Select Your Desired Pi-NFT: Browse through the listed Pi-NFT and click on the one that interests you to view its details.
Review Pi-NFT Details: Before placing a bid, review the Pi-NFT's description and current bid status to ensure it's the one you want to bid on.
Place Your Bid: Once you're ready, click the "Place Bid" button, which will open a bidding form.
Enter Bid Details: In the bidding form, you'll need to enter the following:
Bid Amount: Specify the amount you're willing to bid. Your bid must be equal to or higher than the current price or the latest bid.
Bid Expiry: Set the duration for how long your bid will remain active. This defines the time window within which others can outbid you. If your bid remains the highest during this period, you may secure the Pi-NFT.
Confirm Your Bid: After entering your bid details, click "Place Bid." You may be prompted to sign the transaction to confirm your bid.
Successful Bid Placement: Once you've signed the transaction, your bid is successfully placed. Keep an eye on the auction to see if your bid remains the highest or if others outbid you.